Primerica Financial- legitimate business, or pyramid sceme?
I was approached (while I was at a Walmart, nonetheless) by someone who asked me if I was looking for a career in finance. Strange, but this isn't the first time I've been approached like this.He talked about how debt among Canadians is huge, and we spoke for a bit. I asked him if he had a card, but he didn't. He just scribbled Citigroup's website URL on the paper, and his contact info. He then gave me his E-mail address. It's hosted by Hotmail. Alarm bells were already ringing. When I called him, he then told me about Primerica, a branch of Citigroup. He was incredibly vague about what I'd be doing, or even what my job title would be. From there, we scheduled an interview. I Googled Primerica, and while lots of people insist it's a scam, an equal number of people are steadfast in defending it as a legitimate business opportunity. Anyone have experience with these guys? Are they another Cutco?
Asked By: Jeremy - 1/24/2007
Best Answer - Chosen by Asker
Unfortunately, each office trains their agents to grow their businesses differently. Because of that, someone with poor people skills could be training others to follow his lead-the vague answers lead me to believe that this person was a newbie. Anyone with any experience and success would not have been vague. There... More
Answered By: Katie - 1/25/2007
Additional Answers (5)
Yes. They call it "Multi-Level Marketing" but it turns out the same as a pyramid scheme. Plus, you have to pay up front for "Training Materials," but they wouldn't tell me what those materials would be.
Answered By: Omni D - 1/24/2007
They are part of a larger company. It works like a pyramid, but it's legit. They guy you met is an independant "REP". so his e-mail is his personal e-mail. They all work on commisions, and collect a portion of their 'down level' agents commision.
Answered By: FRANKFUSS - 1/24/2007
Beware...Its like a semi-pyramid scheme. I have never been a part of them, but I know some people who got burned. Read some of the reviews they have listed on the web.
Answered By: xAviator - 1/24/2007
It's legit, but it's almost all commission. It's a brokerage division of Citicorp and you're being approached to work as a financial broker.
Answered By: Reva P - 1/24/2007
They are a legit company. As an independent agent in the company, you are allowed to recruit people. When you recruit, you are building a business. Soon, the business will be so productive that the company makes you the business owner. There are currently over 1100 business owners in the company making 6 figures or... More
Answered By: Truth is best option to trust - 1/25/2007
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